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Elon Musk Believes SBF Is Better at Bribing Media Outlets Than Running FTX


cryptopotato.com 24 November 2022 05:24, UTC
Reading time: ~2 m

Twitter’s new CEO – Elon Musk – thinks Sam Bankman-Fried is much better at “bribing media” than managing a cryptocurrency platform.

The South African entrepreneur also dismissed the rumors that FTX’s former boss had purchased a $100 million stake at Twitter.

Another Wave of Criticism

The general public opinion on SBF has undoubtedly changed for the worse following the crash of his exchange FTX. The 30-year-old American, who was among the most trusted figures in the space, entered the pages of crypto’s history as the man who stood behind a multi-billion-dollar worth empire whose collapse caused considerable investor losses.

Two of the most prominent individuals to display their antipathy toward SBF are Elon Musk and Changpeng Zhao.

In a recent tweet, Tesla’s CEO argued that FTX could still be a functional entity should Bankman-Fried was as good at managing it as he is at “bribing” media.

If SBF was as good at running a crypto exchange as he was at bribing media, FTX would still be solvent!

— Elon Musk (@elonmusk) November 24, 2022

Binance’s CEO Zhao was quick to react with a laughing emoji under the post.

Musk admitted earlier this month that he and SBF had a conversation prior to the Twitter deal. The world’s richest man was not left with a high opinion of Bankman-Fried, saying there was “something wrong with that dude.”

“I talked to him for about half an hour, and I know my bullshit meter was redlining. It was like, this dude is bullshit – that was my impression,” he added.

CZ has also not been kind to FTX’s former CEO. He advised SBF to stop posting mysterious tweets and instead fix his multi-billion-dollar issues.

In one of his recent public messages, Bankman-Fried mentioned an unknown “sparring partner” who could have pushed the platform on a death spiral, and some thought this could be Zhao. Binance’s boss said only a “psychopath” could drop such a tweet, claiming he has nothing to do with the meltdown.

SBF Doesn’t Own Twitter Shares

Several recent coverages indicated that Bankman-Fried might have purchased a $100 million stake in Twitter before the deal with Elon Musk.

Tesla’s CEO described the rumors as “false” and urged certain media companies to stop spreading such speculation.

False. Also, Business is still not a real publication. Just give up.

— Elon Musk (@elonmusk) November 23, 2022

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